Shareholders' Meeting Approves to Split MMX's Common Shares

RIO DE JANEIRO, BRAZIL -- (MARKET WIRE) -- 04/07/08 -- MMX Mineracao e Metalicos S.A. ("MMX" or the "Company") (Bovespa: MMXM3) (TSX: XMM) pursuant to article 157 of Law 6,404/76 and CVM Instruction 358/02, hereby announces that, as per the minutes of the Company's Extraordinary Shareholders' Meeting, held on April 7, 2008, the shareholders of the Company present at the Meeting unanimously and with no restriction, approved the split of the Company's common shares in the proportion of 20 (twenty) shares for each existing share.

The Company's shareholders registered as of April 7, 2008 shall be entitled to receive the shares resulting from such split, which shares shall be credited on April 11th, 2008.

The Company informs that, in accordance with the referred share split, it has requested the CVM (Braziilian Securities and Exchange Commission) to carry out the respective change in the proportion between its common shares and its Global Depositary Receipts ("GDRs"), in the context of its Level I GDR Program. Consequently, each of the Company's common shares, which previously corresponded to 20 (twenty) GDRs, shall correspond to 1 (one) GDR, and therefore, there will be no issuance of new GDRs.

For additional information please contact ri@mmx.com.br.

2008-04-07 21:57:14 0330142 MARKETWIRE